Court Documents in Icahn-Deason-Xerox Fight Reveal Boardroom Battles

Xerox Corp.和Activist Investors Carl Icahn和Darwin Dareason之间的持续战斗周四加热，新披露的法院文件声称Xerox董事会成员表示，该公司与Fujifilm的拟议合并是一个由“Rogue Executive”的过程。

这些文件包括一封信 - 由Xerox的董事会成员，Cheryl Krongard和12月7日日期编写的一封信 - 首席执行官Jeff Jacobson凭借其潜在的买家将公司置于“不稳定的情况”中。A presentation from Deason included in the documents also claimed that Xerox’s board had received an inquiry from Hewlett-Packard about a possible deal in January but that Jacobson and Xerox’s board did not give HP enough time and told the company it had to make a proposal “aggressively and quickly.”

该文件，周四提交的经修订的投诉审议部分的一部分包括在纽约县最高法院发布的以前删除的材料中。

According to Krongard’s letter, which was written to Xerox’s chairman, Bob Keegan, Jacobson was told by Keegan that the board was “disappointed by his performance and would likely look at outside talent.” In keeping with that, they asked Jacobson to stop seeking a deal with Fuji, but “he blatantly violated a clear directive” and continued the conversations, the letter said.

当被要求对这封信发表评论时，Xerox发言人Carl Langsenkamp通过电子邮件表示，在写作之后，Krongard表示，她了解到Keegan允许雅各逊允许与富士谈判。

“As is absolutely clear from the record, Jeff Jacobson has always conducted himself with the utmost integrity as CEO and in negotiations with Fujifilm,” Langsenkamp wrote in the email. “The allegations by Mr. Deason to the contrary are part of his effort to distort the facts.”

Hewlett-Packard没有回复寻求关于其优惠的发表评论的电子邮件，Langsenkamp拒绝对故事的这个方面发表评论。

根据拟议协议的条款，于1月31日宣布，富士将以61亿美元的价格收购Xerox，并将其与现有的合资企业合并。富士将支付Xerox股东约25亿美元作为特殊的现金股息，他们将获得公司的49.9％。根据Xerox的交易宣布，这达到了每股9.80美元。作为回报，富士将获得50.1％的合并公司。富士没有返回一个电话寻求评论的电话。

Prior to the deal’s announcement, Icahn had increased his stake in Xerox to 9.2 percent. Deason, meanwhile, owns a 6 percent stake in the company, and had been Xerox’s largest shareholder until Icahn invested in the company in 2015.

According to a presentation opposing the deal created by Deason and Icahn and published on April 17, Fuji “would receive $120 million more in annual dividends from Xerox ‘without spending a penny.’” The deal would also allow Jeff Jacobson, the CEO of Xerox, to control the resulting combined company, according to Xerox’s announcement.

[II深潜水：施乐的首席投资官退休]

According to Deason’s presentation released Thursday, Jacobson’s motives for ensuring that Xerox and Fuji inked a deal were based on this particular provision.

“Negotiations were led by a conflicted Xerox CEO, who betrayed shareholders by ‘serv[ing] as a loyal agent of the acquirer’ in ‘a process that ignore[d] other bidders’ and was conducted without a proper market check,” stated the presentation created for shareholders by Deason and Icahn.

尽管Xerox所谓的寻找新首席执行官，富士和雅各布森之间的交易洽谈仍在继续。

Icahn于2017年12月推出了一项活动，以便将四名新董事聚集到施乐委员会的董事会。从那时起，临时向Xerox提出了两份法庭案件。第一个，于2月18日提交，试图阻止富士Xerox经历。第二次提交3月2日，正在寻求该法院允许他提交全面的董事，尽管缺少截止日期。

根据熟悉此事的消息来源，下次听到这些案件的案件，将于4月26日。代理投票的日期尚未设置，但可能会在5月或6月发生。该消息人士表示，代理顾问玻璃刘易斯​​和机构股东服务尚未向施乐股东提供投票建议。

icahn没有立即返回一个电话寻求评论的电话。临时拒绝评论星期四发布的文件。